Moody's may downgrade TDC ratings on acquisition talks

GabrielMadway

SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Thursday placed the Baa1 and Prime-2 ratings of TDC AS
TLD, -6.62%
on review for possible downgrade, following the company's confirmation that non-binding indications of interest to acquire the company had been received. The agency said the review will focus on the financial implications of a potential takeover of the Danish telecommunications company. Moody's said an acquisition could result in a multi-notch downgrade into non-investment grade depending on the financing structure put in place and the profile of the acquirer.

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